Circle K - Truck Stop 2705 Cage blvd 5,200 SF Retail Building Pharr, TX 78577 $2,700,000 ($519.23/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- 2024 Construction. 5,200+/- SF Building on 2.36+/- Acre Site
- Premier Highway Corner Location on Major Thoroughfare – Along I-69C, a Primary North-South Route (91,265+ VPD)
- Circle K has a Investment Grade Credit Rating of BBB+ – With Over 15,000 Locations and $71.86 Billion in Revenue
- 15-Year Absolute NNN Lease, with 8% Rental Increases Every 5 Years, In Primary Term & Options
- Large Format Prototype C-Store w/ Additional High-Speed Diesel Pumps – Oversized Parcel at 2.36 Acres & 5,200 SF
- Pharr | Thriving Border City – Part of the McAllen-Edinburg-Mission MSA | Population: 80,602+
EXECUTIVE SUMMARY
Rare New Construction Circle K Truck Stop Ground Lease
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,200 SF
Year Built
2024
Price
$2,700,000
Price Per SF
$519.23
Cap Rate
5%
NOI
$135,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.36 AC
Opportunity Zone
Yes
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | K2400-00-000-0140-01 | Improvements Assessment | $564,236 |
| Land Assessment | $903,957 | Total Assessment | $1,468,193 |
